Working capital to farmers trading in wool & mohair.
Working capital to farmers trading in wool & mohair.
Understanding all details around this product will help you decide if this is the right product for you.
Prime linked and risk based.
working capital to farmers trading in wool & mohair.
Financing for start ups allowed but subject to experience and eligibility. More focus should be on those who already have well established businesses.
Greater than 6 months.
Agricultural loan officer Farm Visit report .Minimum of one years’ experience in wool & mohair. Collateral required. Account with LPB. . Proof of ID/Passport. Map to the client’s residential place: rented and owned .
Wool & Mohair season ranges from 3 to 6 months to a year. Maturity of crop loan shall depend on applicant request but not exceed 12 months. Payment mode dependent on cash flow. As a general rule crop instalment must be paid monthly as much as possible. Grace period and other form of irregular payment is allowed where deemed necessary.
As part of the country’s fight against money laundering and financing of terrorism, we are required by law to keep updated personal records of our existing clients. Visit the nearest Lesotho PostBank branch with your valid identity document, proof of residence, and proof of income if have not updated your documents in the last 24 months.
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